| Schedule of Deferred Components of OCI Reported, Net of Related Income Taxes, in Accumulated OCL in Stockholders' Equity and Changes in AOCL |
The deferred components of other comprehensive income (loss) are reported, net of related income taxes, in accumulated other comprehensive loss ("OCL") in stockholders’ equity, as follows:
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| (In thousands) |
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September 2025 |
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March 2025 |
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September 2024 |
| Foreign currency translation and other |
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$ |
(770,855) |
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$ |
(821,189) |
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$ |
(869,994) |
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| Defined benefit pension plans |
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(174,008) |
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(180,047) |
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(175,087) |
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| Derivative financial instruments |
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(79,178) |
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23,496 |
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(25,499) |
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| Accumulated other comprehensive loss |
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$ |
(1,024,041) |
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$ |
(977,740) |
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$ |
(1,070,580) |
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The changes in accumulated OCL, net of related taxes, were as follows:
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Three Months Ended September 2025 |
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| (In thousands) |
Foreign Currency Translation and Other |
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Defined Benefit Pension Plans |
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Derivative Financial Instruments |
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Total |
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| Balance, June 2025 |
$ |
(763,627) |
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$ |
(176,910) |
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$ |
(96,887) |
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$ |
(1,037,424) |
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Other comprehensive income (loss) before reclassifications |
(7,228) |
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(865) |
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18,179 |
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10,086 |
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Amounts reclassified from accumulated other comprehensive loss |
— |
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3,767 |
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(470) |
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3,297 |
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Net other comprehensive income (loss) |
(7,228) |
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2,902 |
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17,709 |
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13,383 |
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| Balance, September 2025 |
$ |
(770,855) |
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$ |
(174,008) |
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$ |
(79,178) |
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$ |
(1,024,041) |
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Three Months Ended September 2024 |
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| (In thousands) |
Foreign Currency Translation and Other |
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Defined Benefit Pension Plans |
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Derivative Financial Instruments |
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Total |
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| Balance, June 2024 |
$ |
(887,892) |
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$ |
(178,701) |
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$ |
12,966
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$ |
(1,053,627) |
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Other comprehensive income (loss) before reclassifications |
17,898 |
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(26) |
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(47,838) |
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(29,966) |
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Amounts reclassified from accumulated other comprehensive loss |
— |
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3,640 |
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9,373 |
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13,013 |
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Net other comprehensive income (loss) |
17,898 |
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3,614 |
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(38,465) |
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(16,953) |
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| Balance, September 2024 |
$ |
(869,994) |
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$ |
(175,087) |
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$ |
(25,499) |
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$ |
(1,070,580) |
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Six Months Ended September 2025 |
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| (In thousands) |
Foreign Currency Translation and Other |
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Defined Benefit Pension Plans |
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Derivative Financial Instruments |
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Total |
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| Balance, March 2025 |
$ |
(821,189) |
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$ |
(180,047) |
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$ |
23,496
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$ |
(977,740) |
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| Other comprehensive income (loss) before reclassifications |
50,334 |
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(855) |
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(91,133) |
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(41,654) |
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| Amounts reclassified from accumulated other comprehensive loss |
— |
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6,894 |
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(11,541) |
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(4,647) |
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| Net other comprehensive income (loss) |
50,334 |
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6,039 |
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(102,674) |
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(46,301) |
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| Balance, September 2025 |
$ |
(770,855) |
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$ |
(174,008) |
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$ |
(79,178) |
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$ |
(1,024,041) |
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Six Months Ended September 2024 |
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| (In thousands) |
Foreign Currency Translation and Other |
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Defined Benefit Pension Plans |
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Derivative Financial Instruments |
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Total |
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| Balance, March 2024 |
$ |
(868,439) |
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$ |
(182,333) |
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$ |
(13,559) |
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$ |
(1,064,331) |
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| Other comprehensive loss before reclassifications |
(1,555) |
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(36) |
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(32,053) |
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(33,644) |
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| Amounts reclassified from accumulated other comprehensive loss |
— |
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7,282 |
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20,113 |
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27,395 |
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| Net other comprehensive income (loss) |
(1,555) |
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7,246 |
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(11,940) |
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(6,249) |
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| Balance, September 2024 |
$ |
(869,994) |
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$ |
(175,087) |
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$ |
(25,499) |
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$ |
(1,070,580) |
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| Schedule of Reclassifications Out of Accumulated OCL |
Reclassifications out of accumulated OCL were as follows:
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| (In thousands) |
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Three Months Ended September |
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Six Months Ended September |
| Details About Accumulated Other Comprehensive Loss Components |
Affected Line Item in the Consolidated Statements of Operations |
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2025 |
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2024 |
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2025 |
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2024 |
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| Amortization of defined benefit pension plans: |
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Net deferred actuarial losses |
Other income (expense), net |
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$ |
(4,874) |
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$ |
(5,051) |
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$ |
(9,745) |
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$ |
(10,097) |
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Deferred prior service credits |
Other income (expense), net |
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158 |
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150 |
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311 |
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|
294 |
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Pension settlement charge |
Other income (expense), net |
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(341) |
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— |
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(341) |
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— |
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Pension curtailment gains |
Other income (expense), net |
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— |
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— |
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531 |
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— |
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Total before tax |
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(5,057) |
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(4,901) |
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(9,244) |
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(9,803) |
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Income tax effect |
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1,290 |
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1,261 |
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2,350 |
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2,521 |
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Net of tax |
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(3,767) |
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(3,640) |
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(6,894) |
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(7,282) |
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| Gains (losses) on derivative financial instruments: |
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Foreign exchange contracts |
Revenues |
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545 |
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(7,851) |
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(1,426) |
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(12,182) |
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Foreign exchange contracts |
Cost of goods sold |
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(863) |
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(4,001) |
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14,171 |
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(14,127) |
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Foreign exchange contracts |
SG&A expenses |
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(250) |
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(47) |
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(511) |
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(455) |
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Foreign exchange contracts |
Other income (expense), net |
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1,074 |
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53 |
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1,550 |
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(3) |
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Interest rate contracts |
Interest expense |
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27 |
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27 |
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54 |
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54 |
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Interest rate contracts |
Loss from discontinued operations, net of tax |
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— |
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1,134 |
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— |
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2,299 |
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Total before tax |
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533 |
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(10,685) |
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13,838 |
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(24,414) |
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Income tax effect |
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(63) |
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1,312 |
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(2,297) |
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4,301 |
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Net of tax |
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470 |
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(9,373) |
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11,541 |
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(20,113) |
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| Total reclassifications for the period, net of tax |
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$ |
(3,297) |
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$ |
(13,013) |
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$ |
4,647
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$ |
(27,395) |
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